KRS 154A.020: State lottery created -- Administration by corporation -- Management --

Intent of General Assembly -- Senate confirmation required for corporation

existence.

(1) There is hereby created and established a state lottery which shall be administered

by an independent, de jure municipal corporation and political subdivision of the

Commonwealth of Kentucky which shall be a public body corporate and politic to

be known as the Kentucky Lottery Corporation. The corporation shall be deemed a

public agency withi n the meaning of KRS 61.805 and 61.870. This corporation

shall be managed in such a manner that enables the people of the Commonwealth to

benefit from its profits and to enjoy the best possible lottery games. The General

Assembly hereby recognizes that the operations of a lottery are unique activities for

state government and that a corporate structure will best enable the lottery to be

managed in an entrepreneurial and business -like manner. It is the intent of the

General Assembly that the Kentucky Lottery Corporation shall be accountable to

the Governor, the General Assembly and the people of the Commonwealth through

a system of audits, reports and thorough financial disclosure as required by this

chapter.

(2) The existence of the corporation shall begin only upon confirmation of the members

of the board by the Senate as provided in KRS 154A.030. Until the time of such

confirmation, no business shall be conducted on behalf of the lottery.

(3) Notwithstanding any other provision of law to the contrary, no official action of any

form shall be taken by the board at any time unless a majority of the members of the

board shall have been confirmed by the Senate as provided in KRS 154A.030. Any

action taken on behalf of the lottery when less than a majority of the members of the

board shall have been confirmed shall be of no effect.